British American Tobacco (LON:BATS) Stock Price Crosses Above 200-Day Moving Average – Here’s What Happened

British American Tobacco p.l.c. (LON:BATS) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 4,411.47 and traded as high as GBX 4,764. British American Tobacco shares last traded at GBX 4,723.99, with a volume of 4,522,744 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BATS. UBS Group reiterated a “buy” rating and issued a GBX 5,750 price target on shares of British American Tobacco in a report on Friday, May 29th. Jefferies Financial Group upped their price objective on British American Tobacco from GBX 5,200 to GBX 5,500 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 4,758.33.

British American Tobacco Price Performance

The company has a market cap of £100.95 billion, a PE ratio of 13.38, a PEG ratio of 3.12 and a beta of 0.12. The company has a debt-to-equity ratio of 74.60, a current ratio of 0.87 and a quick ratio of 0.47. The stock’s 50-day moving average is GBX 4,549.20 and its 200 day moving average is GBX 4,413.15.

Insider Buying and Selling at British American Tobacco

In other British American Tobacco news, insider Tadeu Marroco acquired 5,000 shares of the firm’s stock in a transaction dated Friday, June 5th. The stock was purchased at an average price of GBX 4,306 per share, for a total transaction of £215,300. Also, insider Serpil Timuray bought 47 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were acquired at an average price of GBX 4,372 per share, for a total transaction of £2,054.84. In the last quarter, insiders have bought 11,500 shares of company stock valued at $50,239,654. Company insiders own 0.12% of the company’s stock.

About British American Tobacco

BAT was founded in 1902 and was first listed on the London Stock Exchange in 1912. A constituent of the FTSE 100 since its creation in 1984, we have evolved, becoming the only truly global company in our sector.

BAT is transforming and is well positioned with a global footprint and multi-category portfolio. Our corporate purpose is to build A Better Tomorrow™, reducing the health impact of our business, by offering adult consumers a greater choice of enjoyable and less risky*† products compared to cigarettes.